Shari Redstone Latest Celebrity News & Gossip

Paramount Shares Gain As Wall Street Gauges Skydance Deal; “The More Important Question Is What Happens Next,” One Analyst Notes - deadline.com
deadline.com
03.06.2024

Paramount Shares Gain As Wall Street Gauges Skydance Deal; “The More Important Question Is What Happens Next,” One Analyst Notes

Paramount Global shares rose 7.5% to close at $12.80 Monday on the news that a long-awaited merger with Skydance Media moved closer to completion.

Is The Mission Possible For Paramount’s Crowded Corner Office? CEO Troika Settles In As Layoffs And Asset Sales Loom - deadline.com
deadline.com
19.06.2024

Is The Mission Possible For Paramount’s Crowded Corner Office? CEO Troika Settles In As Layoffs And Asset Sales Loom

Paramount Global‘s unorthodox Office of the CEO, which started as a presumed placeholder, is turning into a longer-term fixture poised to once again reshape the tempest-tossed company.

What’s on Moguls’ Minds at Sun Valley 2024: Disney Succession, AI Controversies and Trump’s Possible Return - variety.com - state Idaho
variety.com
19.06.2024

What’s on Moguls’ Minds at Sun Valley 2024: Disney Succession, AI Controversies and Trump’s Possible Return

Brent Lang Executive Editor The sultans of media and tech will break out their windbreakers and puffy vests for Allen & Co.’s annual Sun Valley conference next month. It’s a chance for these high-net-worth individuals to look “oh so casual” as they discuss the state of their industries and the world. The vibe is relaxed, but things aren’t going swimmingly for these denizens of one-percent-dom.

Paramount Global’s Tumultuous Timeline: Tracking 35 Years of Corporate Intrigue and Drama - variety.com
variety.com
19.06.2024

Paramount Global’s Tumultuous Timeline: Tracking 35 Years of Corporate Intrigue and Drama

Paramount Global and its predecessor companies have gone through several tumultuous decades. Here’s a timeline of key events that led up to the company’s most recent M&A drama, in this week’s cover story: What Went Wrong: Inside Paramount’s Failed Merger Talks and the Battle to Salvage the Company. MARCH 4, 1987: Sumner Redstone’s National Amusements Inc.

What Went Wrong: Inside Paramount’s Failed Merger Talks and the Battle to Salvage the Company - variety.com
variety.com
19.06.2024

What Went Wrong: Inside Paramount’s Failed Merger Talks and the Battle to Salvage the Company

Shari Redstone, it was nothing personal. But the longer the negotiations went on, the more Redstone fell out of love with the idea of marrying her family’s legacy to David Ellison’s Skydance Media. So on June 11, as board members of Paramount Global were about to hold a key meeting on the long-gestating deal to merge with Skydance, Redstone was out — even as those around her were still scrambling to get it done.

Paramount Global’s Top Lawyer Is Stepping Down - variety.com
variety.com
19.06.2024

Paramount Global’s Top Lawyer Is Stepping Down

Todd Spangler NY Digital Editor Christa D’Alimonte, Paramount Global‘s EVP, general counsel and secretary, is exiting at the end of the month after 12 years at the company and its predecessor Viacom. D’Alimonte on Tuesday informed her team that she will be leaving the company on June 28 (read the memo below).

Paramount Global General Counsel Christa D’Alimonte To Exit At End Of June - deadline.com
deadline.com
19.06.2024

Paramount Global General Counsel Christa D’Alimonte To Exit At End Of June

Paramount Global General Counsel Christa D’Alimonte has told colleagues she will be exiting the company at the end of the month.

Paramount CEOs Recognize “The Last Several Months Have Not Been Easy,” Tell Staff They Have A Plan - deadline.com
deadline.com
12.06.2024

Paramount CEOs Recognize “The Last Several Months Have Not Been Easy,” Tell Staff They Have A Plan

Paramount co-CEOs George Cheeks, Brian Robbins and Chris McCarthy thanked staff in a memo today, obtained by Deadline, for a few tough months rocked by Skydance merger speculation. With that deal a no go, they said, they have plan, one mostly laid out at last week’s annual shareholders meeting, to take the company into the future.

After Paramount Merger Talks Collapse, Skydance CEO David Ellison Tells Staff: ‘We Are Stronger Because of This Process’ - variety.com
variety.com
12.06.2024

After Paramount Merger Talks Collapse, Skydance CEO David Ellison Tells Staff: ‘We Are Stronger Because of This Process’

Todd Spangler NY Digital Editor David Ellison, chief executive of Skydance Media, thanked employees of his company for their focus as he was engaged in a months-long bid to merge with Paramount Global. And even though that effort failed, he said that Skydance is stronger after having gone through the M&A cycle.

David Ellison Thanks Skydance Team As Paramount Merger Talks End; Sets Sights On “Building A Next Generation Content Company On Our Terms” - deadline.com
deadline.com
12.06.2024

David Ellison Thanks Skydance Team As Paramount Merger Talks End; Sets Sights On “Building A Next Generation Content Company On Our Terms”

This just in tonight from Skydance Boss David Ellison as Paramount Global controlling shareholder Shari Redstone says “No” to Skydance’s offer to buy National Amusements. The Top Gun: Maverick and Geostorm producer has acknowledged to staff that Skydance’s bid to merge with Paramount has ended.

What’s Next For Paramount After Skydance Merger Talks Fail - deadline.com
deadline.com
12.06.2024

What’s Next For Paramount After Skydance Merger Talks Fail

When David Ellison’s Skydance made a play for Paramount last fall it was how and when (not if) Shari Redstone would tie the knot. Paramount and Skydance worked together. He valued the studio and its crown jewel of a backlot and planned to keep the company together. He was offering her a nice bundle of cash for her stake in National Amusements.

Shari Redstone, Paramount End Merger Talks With Skydance As Two Sides “Not Able To Reach Mutually Acceptable Terms” - deadline.com - city Redbird
deadline.com
11.06.2024

Shari Redstone, Paramount End Merger Talks With Skydance As Two Sides “Not Able To Reach Mutually Acceptable Terms”

After months of negotiations, Paramount‘s controlling shareholder Shari Redstone has broken off merger talks with David Ellison‘s Skydance.

Shari Redstone’s National Amusements Says It Has Ended Talks With Skydance About Paramount Merger - variety.com
variety.com
11.06.2024

Shari Redstone’s National Amusements Says It Has Ended Talks With Skydance About Paramount Merger

Todd Spangler NY Digital Editor After more than six months of on-again-off-again talks, Shari Redstone has ended negotiations with David Ellison‘s Skydance Media about a prospective merger with Paramount Global. Redstone is Paramount Global’s controlling shareholder through National Amusements Inc., which owns 77% of the voting shares in Paramount.

As Merger Saga Continues, Paramount Updates Pay Packages For Office Of CEO Trio & Re-Ups Chief People Officer Nancy Phillips - deadline.com
deadline.com
11.06.2024

As Merger Saga Continues, Paramount Updates Pay Packages For Office Of CEO Trio & Re-Ups Chief People Officer Nancy Phillips

Paramount Global, which continues to explore its M&A options, has updated the compensation plans for the three execs in the Office of the CEO and re-upped Chief People Officer Nancy Phillips.

Paramount Grants Three Co-CEOs Change-in-Control Severance Benefits, Cash Bonuses - variety.com
variety.com
10.06.2024

Paramount Grants Three Co-CEOs Change-in-Control Severance Benefits, Cash Bonuses

Todd Spangler NY Digital Editor As an M&A event looms on the horizon for Paramount Global, the three execs in the conglomerate’s “Office of the CEO” are now eligible for stepped-up severance payments in the event of a sale or merger — and the company also will award them cash bonuses for the time they serve as co-CEOs. The move comes as Shari Redstone, Paramount’s controlling shareholder, is evaluating a merger offer from David Ellison’s Skydance Media, which the Paramount Global board’s special committee has recommended.

Paramount M&A Saga Continues: Edgar Bronfman Jr., Bain Capital Mulling up to $2.5 Billion Bid for Shari Redstone’s National Amusements - variety.com - city Redbird
variety.com
10.06.2024

Paramount M&A Saga Continues: Edgar Bronfman Jr., Bain Capital Mulling up to $2.5 Billion Bid for Shari Redstone’s National Amusements

Todd Spangler NY Digital Editor Shari Redstone may have yet another offer on the table to buy National Amusements Inc., the controlling shareholder of Paramount Global — the latest twist in the months-long M&A drama swirling around the troubled media conglomerate. Erstwhile media mogul Edgar Bronfman Jr. is teaming with investment firm Bain Capital to put together an offer of up to $2.5 billion for Redstone’s National Amusements, sources confirmed.

Paramount’s Shari Redstone Juggling Skydance, Other Suitors As Deal Saga Continues - deadline.com - city Redbird
deadline.com
06.06.2024

Paramount’s Shari Redstone Juggling Skydance, Other Suitors As Deal Saga Continues

Shares of Paramount Global edged lower Thursday, day three in the red, amid lingering uncertainty around Skydance’s latest offer. With bigger than anticipated sweeteners for Class B shareholders, it was approved by Par’s special board committee and sent on to controlling shareholder Shari Redstone but with no announcement forthcoming.

Paramount Global Town Hall Delayed After Skydance Offer, Co-CEOs’ Shareholder Presentation - deadline.com - county Hall
deadline.com
04.06.2024

Paramount Global Town Hall Delayed After Skydance Offer, Co-CEOs’ Shareholder Presentation

A town hall for Paramount Global employees originally scheduled to take place Wednesday has been delayed until June 25.

Amid Skydance Offer, Paramount Global CEO Trio Trumpet 14 Billion Dollar Brands, Plans To Explore Streaming Joint Ventures - deadline.com
deadline.com
04.06.2024

Amid Skydance Offer, Paramount Global CEO Trio Trumpet 14 Billion Dollar Brands, Plans To Explore Streaming Joint Ventures

As Paramount Global controlling shareholder Shari Redstone mulls the terms of a merger between her conglom and Skydance, the network/studio/streaming service trotted out their best and brightest CEO troika this early AM in annual global stockholders meet to tout their hit parade of 14 billion dollar revenue earning franchises across all mediums, their assurance to cut $500 million in overhead, and maximize shareholder value and profits.

Paramount Global Non-Exec Chair Shari Redstone Touts Office Of CEO During Annual Shareholder Meeting - deadline.com
deadline.com
04.06.2024

Paramount Global Non-Exec Chair Shari Redstone Touts Office Of CEO During Annual Shareholder Meeting

Shari Redstone, Paramount Global‘s non-executive chair and controlling shareholder, sought to sell shareholders at the company’s annual meeting Tuesday on the potential of the three-member Office of the CEO.

Paramount, Skydance Agree on New M&A Deal Terms but Shari Redstone Hasn’t Approved Pact Yet - variety.com - city Redbird
variety.com
03.06.2024

Paramount, Skydance Agree on New M&A Deal Terms but Shari Redstone Hasn’t Approved Pact Yet

Todd Spangler NY Digital Editor Paramount Global‘s months-long M&A drama may soon be coming to a conclusion. The special committee established by Paramount Global’s board of directors to evaluate M&A proposals has reached an agreement with David Ellison’s Skydance Media and his private-equity backers on the terms of a complicated deal that would merge Skydance and Paramount while keeping Paramount publicly traded, Variety has confirmed. Skydance and its partners, RedBird Capital and KKR, sweetened the original buyout offer to make it more attractive to nonvoting shareholders of Paramount Global.

Skydance Media Revises Paramount Global Bid to Make It More Attractive to Noncontrolling Shareholders - variety.com
variety.com
30.05.2024

Skydance Media Revises Paramount Global Bid to Make It More Attractive to Noncontrolling Shareholders

Todd Spangler NY Digital Editor After months of on-again-off-again haggling, Skydance Media submitted a newly revised offer for Paramount Global. The revised bid would reduce the amount Skydance and its financial partners would pay Shari Redstone, Paramount’s controlling shareholder, and reallocate that more equitably to the company’s nonvoting Class B shareholders, Variety has confirmed. Skydance would also put in more cash upfront to swing the deal, sources said.

David Zaslav Is Talking M&A Again As WBD Pays Down Debt, Expands Max Globally - deadline.com
deadline.com
30.05.2024

David Zaslav Is Talking M&A Again As WBD Pays Down Debt, Expands Max Globally

Warner Bros. Discovery CEO David Zaslav, who started talking about more deals shortly after inking a massive merger, irritating Wall Street, has been publicly quiet on that front for a bit. Today said he sees opportunities in M&A with the company on a stronger financial footing and rolling streamer Max out globally to achieve necessary scale.

Paley Center Names WME’s Christian Muirhead, Banijay Americas’ Ben Samek To LA Board; AMC Networks’ Kristin Dolan New Trustee - deadline.com - France - Los Angeles - Los Angeles - USA
deadline.com
29.05.2024

Paley Center Names WME’s Christian Muirhead, Banijay Americas’ Ben Samek To LA Board; AMC Networks’ Kristin Dolan New Trustee

EXCLUSIVE: The Paley Center for Media has appointed four new trustees to its board and added some high profile executives to its L.A. contingent as it ramps back up on the West Coast.

Paramount’s Communications & Corporate Marketing Chief To Exit, Group Will Report To Brian Robbins On Interim Basis - deadline.com
deadline.com
17.05.2024

Paramount’s Communications & Corporate Marketing Chief To Exit, Group Will Report To Brian Robbins On Interim Basis

Paramount Global’s EVP, Chief Communications and Corporate Marketing Officer Julia Phelps will leave the company at the end of May.

Paramount Global’s Top Marketing and Communications Exec, Julia Phelps, Is Leaving - variety.com - Indiana
variety.com
17.05.2024

Paramount Global’s Top Marketing and Communications Exec, Julia Phelps, Is Leaving

Todd Spangler NY Digital Editor Julia Phelps, Paramount Global‘s executive VP and chief communications and corporate marketing officer, is exiting after almost 20 years with the company and predecessor Viacom. Phelps had long worked with Bob Bakish, who was ousted as CEO of the company last month and replaced by a three-exec committee. Phelps, in a memo to her team Friday, said she will leave Paramount at the end of May.

Shari Redstone Hits The Red Carpet For Paramount Pictures’ ‘IF’ Premiere - deadline.com - New York - county San Diego - Chelsea
deadline.com
14.05.2024

Shari Redstone Hits The Red Carpet For Paramount Pictures’ ‘IF’ Premiere

Shari Redstone strolled onto the red carpet in New York City tonight for the premiere of Paramount Pictures IF, John Krasinski’ star-studded PG adventure that opens this weekend. She was there to support studio chief Brian Robbins.

Paramount Ad Chief John Halley Embraces The “Refreshing Practicality” Of Pitching Upfront Buyers As Corporate Intrigue Swirls - deadline.com - New York - Chicago
deadline.com
06.05.2024

Paramount Ad Chief John Halley Embraces The “Refreshing Practicality” Of Pitching Upfront Buyers As Corporate Intrigue Swirls

Paramount Advertising President John Halley was preparing to preside over an upfront pitch to Publicis, one of the four major holding companies in the ad business, when big news crossed the wire.

Warren Buffett Says He Has Sold All Of His Paramount Global Stock, Losing “Quite A Bit Of Money” - deadline.com - city Omaha
deadline.com
05.05.2024

Warren Buffett Says He Has Sold All Of His Paramount Global Stock, Losing “Quite A Bit Of Money”

Warren Buffett says he has sold all of his shares in Paramount Global at a significant loss.

Skydance’s Proposed Deal With Paramount Global Appears to Be Falling Apart - variety.com
variety.com
03.05.2024

Skydance’s Proposed Deal With Paramount Global Appears to Be Falling Apart

Todd Spangler NY Digital Editor UPADTED: After months of M&A talks, Paramount Global and controlling shareholder Shari Redstone might be going it alone after all — for now. Insiders tell Variety that the expectation at the company is that neither of the two offers in play — Skydance Media-RedBird Capital Partners and Sony Pictures Entertainment-Apollo Global Management — will come to fruition. And Redstone is said to have reluctantly concluded that a deal with David Ellison’s Skydance, a longtime partner of Paramount Pictures, will not be possible.

Skydance & Paramount Exclusive Negotiating Window Ends In Hours – Will David Ellison Walk? - deadline.com - city Redbird
deadline.com
03.05.2024

Skydance & Paramount Exclusive Negotiating Window Ends In Hours – Will David Ellison Walk?

The clock is ticking down to midnight, the end of a month-long exclusive negotiating window between Paramount Global and Skydance Media. The David Ellison company has been circling Paramount for months and lobbed several offers to buy out Shari Redstone‘s controlling stake, backed by Oracle co-founder Larry Ellison and Gerry Cardinale’s RedBird Capital.

Sony, Apollo Make Formal Overture To Paramount Board To Discuss Potential $26 Billion Deal - deadline.com
deadline.com
02.05.2024

Sony, Apollo Make Formal Overture To Paramount Board To Discuss Potential $26 Billion Deal

Partners Sony and Apollo have formally reached out to Paramount‘s special board committee asking to discuss a potential $26 billion offer, Deadline has learned. It comes as Par’s exclusive negotiating window with David Ellison‘s Skydance is set to expire.

Sony Pictures, Apollo Offer to Buy Paramount Global for $26 Billion in Cash: Report - variety.com - city Columbia
variety.com
02.05.2024

Sony Pictures, Apollo Offer to Buy Paramount Global for $26 Billion in Cash: Report

Todd Spangler NY Digital Editor In the latest twist in Paramount Global‘s M&A saga, Sony Pictures Entertainment and Apollo Global Management reportedly have made a bid to take Paramount private with an all-cash buyout offer of $26 billion. Sony and private-equity giant Apollo submitted an offer letter Wednesday to Paramount Global, the Wall Street Journal reported Thursday. The report comes as Paramount Global board’s special committee established to consider M&A proposals is evaluating the best and final offer from Skydance Media to merge Paramount and Skydance, while keeping Paramount Global public.

Paramount Global’s New Leadership Trio Tell Staff in Memo After Bakish Ouster: ‘We Know This Has Been a Challenging Time’ - variety.com
variety.com
30.04.2024

Paramount Global’s New Leadership Trio Tell Staff in Memo After Bakish Ouster: ‘We Know This Has Been a Challenging Time’

Todd Spangler NY Digital Editor The three Paramount Global executives installed to run the company after Bob Bakish was removed as CEO sought to reassure employees that they have a long-term strategy. On Monday, Paramount Global said Bakish was stepping down as CEO and leaving the board. In his place, the company established an “Office of the CEO” committee led by three divisional heads: George Cheeks, president and CEO of CBS; Chris McCarthy, president and CEO, Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, president and CEO of Paramount Pictures and Nickelodeon.

Amid Turmoil, Paramount Global Sees Q1 Lift From Super Bowl, Narrows Loss - variety.com - city Redbird
variety.com
30.04.2024

Amid Turmoil, Paramount Global Sees Q1 Lift From Super Bowl, Narrows Loss

Brian Steinberg Senior TV Editor The recent broadcast of Super Bowl LVIII boosted Paramount Global‘s first quarter of 2024, stabilizing advertising revenue at its TV operations, as the company’s streaming operations added more than 3 million subscribers and cut losses there by more than 40%. Overall, Paramount narrowed its first quarter operating losses while seeing a 6% uptick in revenue, due in large part to audience and advertiser interest in its Big Game presentation, which set a new viewing record.

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